"I've got a set of disciplines ... that forces you to confront the 'nothing's down enough' lame excuse for not taking action," the "Mad Money" host said. "So let me give you Cramer's rules for sell-offs during earnings season, because earnings season is totally fraught with unusual risk and is quite different from Cramer's rules for everyday sell-offs."

First, Cramer pointed out that the tidal wave of reports can be especially taxing on the analysts that cover stocks. Second, he tried to pinpoint what caused the sell-off.

"AMD's guidance, which was sub-optimal, had a lasting impact on lots of areas within tech, and many of those areas had been strong," Cramer said. "Still, though, I can't countenance the idea that AT&T, Chipotle and AMD are responsible for the magnitude of today's sell-off."

Know Your IPO: MongoDB

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Pedestrians pass in front of the New York Stock Exchange.

In a lively year for technology-related initial public offerings, yet another tech IPO in the caught Cramer's eye last week: that of MongoDB, a software platform for organizing databases.

"Is this tech stock worth speculating on, or will it be another Snap or Roku or Switch, three newly minted IPOs that have been slammed since they came public?" Cramer asked. "Let's find out by playing one of my favorite games. We're going to play Know Your IPO."

From trusted toolmaker to total powerhouse

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A worker stocks a shelf with Stanley Black & Decker power drills.

With stocks finally taking a break from rallying, Cramer circled back to one out-performing stock that could be a buying opportunity on the market-wide weakness.

Stanley Black & Decker, which makes a variety of tools and some security solutions, just issued a strong quarterly earnings report that sent its shares soaring. So far in 2017, the stock has gained 42 percent.

"It was almost as if Chipotle was the hidebound, troubled, figure-it-out-as-we-go-along kind of company levered to one new dish, the queso, while McDonald's was all about execution and value, the twin pillars of higher stock prices," Cramer said.

"There will be 110,000 people in the Olympic stadium in Beijing, and that thing is going to be watched by more people than probably any global sporting event besides the World Cup, the Olympics or the Superbowl," Darrell said.

When asked about the ultimate winners and losers of the eSports industry, Darrell offered a fairly democratic response:

"We're a Swiss company and we love to play with everybody. And we're excited about all these different sports, all these different companies creating leagues," the CEO said. "I think there's going to be more and more, so there's no way to lose, I think, in this space unless you're not in it."

Lightning Round: Wait for more pressure in GLW

Corning Inc.: "It was good. It was good. Now, here's my issue: when I see a stock like GLW that has just spiked big, I like to wait until it comes down a tad after the quarter. Forty cents, not enough. Maybe we get some more pressure [on Thursday] and you take advantage of it."

Biogen: "I would [hold]. There's a lot of people who feel like this was a weaker quarter. There were some things that were wrong. I'm not nearly as negative. I think it's fine."